Trump Media is merging with fusion energy company TAE Technologies in a deal valued at more than $6 billion

President Donald Trump’s social media company, Trump Media and Technology Group (TMTG), He said On Thursday which is combined with TEE Technologiesa Southern California-based company that has been pursuing the dream of fusion energy for nearly 30 years.

The all-stock deal, valued at more than $6 billion, would expand Trump Media’s presence in the emerging fusion energy space as data centers demand more electricity amid the ongoing artificial intelligence boom.

Merger industry insiders expressed curiosity about the deal and expressed concerns about a potential conflict of interest with the U.S. Department of Energy. Last week, industry representatives He met with Department of Energy officialsHe urged them to help direct billions of dollars toward fusion projects, and earlier this year, the Department of Energy announced New roadmap To direct commercial efforts in this sector, although it has not committed any new funds besides advertising.

TMTG is the parent company of social truth, The microblogging platform created by the president after he was banned from platforms like YouTube, Twitter and Facebook following the January 6 attacks on the US Capitol. in He releasesThe president called it “a competitor to the liberal media union” and said he wanted to “fight against Big Tech.”

TMTG went public last year through a merger with… Special Purpose Acquisition Company (SPAC), a technique used to go public by private companies that want to raise money quickly but are not yet mature enough to take the traditional IPO route. In the quarter ending September 30, 2025, TMTG I mentioned It reported a loss of $54.8 million on revenue of $972,900.

Truth Social and the company’s live streaming platform failed to generate much revenue, but TMTG has nonetheless managed to amass $3.1 billion in assets, largely through its investments and partnerships in cryptocurrencies.

Devin Nunes, CEO of TMTG and a former Republican congressman, said the company’s acquisition of TAE would “cement America’s global energy dominance for generations.” The companies said they plan to locate and begin construction of “the world’s first large-scale fusion power plant (50 MW)” next year, and have plans to establish more fusion plants that are expected to generate between 350 MW to 500 MW of electricity.

But the way forward for fusion energy remains uncertain.

currently, Only one demo device He demonstrated that controlled fusion reactions can generate more energy than they consume. And many other companies, including those backed by Bill Gates Commonwealth merger regulations And supported by Sam Altman AsparagusWe are In the race To put fusion power on the grid sometime in the early 2030s.

If successful, one or more nuclear fusion startups could deliver gigawatts of clean, continuous energy to the grid using hydrogen isotopes filtered from seawater. Inside the fusion reactor, those isotopes are heated and compressed until they turn into plasma. When molecules in the plasma collide, they fuse to form a new, heavier atom, while releasing huge amounts of heat, which can be harvested to generate electricity.

TAE has been working on a range of integrators since the late 1990s. The company has raised nearly $2 billion in total, including The latest round is $150 million Existing investors include Google, Chevron Technology Ventures and New Enterprise. The company is valued at about $1.8 billion, according to PitchBook.

Over the years, TAE has struggled to make its various designs successful. Its latest effort uses magnetic fields generated by rotating plasma to stabilize the plasma itself. Particle beams bombard the outside of the plasma cloud, helping it rotate.

Meanwhile, TAE has also created a new department focused on life sciences. It sells a version of its particle accelerator as a radiation treatment for cancer.

Following the merger, Nunes and TAE CEO Dr. Michel Binderbauer will serve as co-CEOs of the combined company.

Updated at 12:05 PM ET: Added comments from merger industry insiders.